Thursday, April 16, 2015

Option Open Interest for 16-04-2015

Inference
The Index opened flat to positive but saw selling pressure from the onset and went on to touch the lows of the day at 8645.65. Small buying interest around the lows moved the index back above 8700 to close at 8706.70, still a huge loss of 43.50 points. The broader market was weak, with 490 advances to 1029 declines. Developing Range as per Option Table is 8400-9000.
  • Call option 8700-9100 added huge 20.24 lacs OI with profit booking seen at 9200 and above strike prices.
  • Put option 8600-8400 added 6.86 lacs OI with short covering seen at 8700 and above strike prices.
  • Nifty Open Interest is at 1,93,51,625 down by 52,600, with decrease in price, most probably long liquidation.
  • Bank Nifty Open Interest is at 17,11,175 up by 23,725, with decrease in price, most probably short build-up.
  • FII’s sold huge 10.99 lacs Futures, which includes 3429 contracts long liquidation and 40521 contracts short build-up, with increase in net OI by 37092 contracts (includes 56041 longs to 99991 shorts for the day) and the Average Price comes to 8749.21.
  • FII’s Index future open contract as on date is 583502 Longs to 184835 Shorts, net long 398667 down by huge 43950 contracts.
  • Initial support still at 8700, with OI of 35.17 lacs and below that at 8600 with huge OI of 46.73 lacs.
  • Initial and very good resistance now at 8800, with OI of 41.25 lacs and above that at 8900 with OI of 37.18 lacs.
  • Day Range as per Option Table is 8628 - 8780 and as per VIX is 8639 - 8775 with 8704 as the Pivot.
India VIX : 14.95 up by 0.33 points
Call OI : 31568100
Put OI : 35748950
PCR OI : 1.132
SMR : 13.20 (Bearish to Neutral: The OI Table is turning weak, though support still stays around 8700-8600 level, but huge resistance has formed at 8800 and above strike price...)